METROCITY BANKSHARES INC (MCBS) Stock Technical Analysis
NASDAQ:MCBS - Nasdaq - US59165J1051 - Common Stock - Currency: USD
Overall MCBS gets a technical rating of 2 out of 10. MCBS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MCBS is part of the Banks industry. There are 396 other stocks in this industry, of which 65% are performing better than MCBS.
MCBS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MCBS is lagging the market.
In the last month MCBS has a been trading in the 27.10 - 29.52 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, MCBS turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
MCBS has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
25.08
30.58
We found 2 important support areas.
- Support @25.83 from a trend line in the weekly time frame.
- A support zone ranging from 25.33 to 25.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 27.74 to 28.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.20 to 29.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.28 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MCBS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCBS is neutral. |
| ChartMill Relative Strength | 60.69 | NEUTRAL | MCBS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCBS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MCBS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MCBS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.74 | NEUTRAL | The RSI value for MCBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MCBS has a negative trend. |
| Stochastics (14,3) | 38.05 | NEUTRAL | The Stochastics value for MCBS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for MCBS suggests some volalility. |
| Average Directional Index/ADX (14) | 13.98 | NEGATIVE | The low ADX value for MCBS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
27.15
-0.85 (-3.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.04%
1 Week-2.65%
2 Weeks-2.83%
1 Month-8.18%
3 Month-2.27%
6 Month-19.65%
12 Month13.22%
2 Year51.76%
3 Year33.68%
5 Year89.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%2.28%
ATR Inc13.25%
Range Today0.51
ADR(20)0.54
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.69
Mansfield-1.22
10 Day High28.9
10 Day Low27.1
20 Day High29.52
20 Day Low27.1
52 Week High36.15
52 Week Low23.67
CS1 End25.83
CR1 Start27.74
Volume & EV
DER(3)-1.48%
DER(5)1.28%
Volume34.10K
Volume Incr25.56%
Vol(5)33.28K
Vol(50)35.94K